European Natural Gas Prices Skyrocket 60% As Russia Threatens To Cut Supply

Conflict in Ukraine continues to send European energy prices higher Thursday morning.  Dutch TTF Gas Futures are up a staggering 60%, the most since 2005, in their fourth consecutive daily gain.  German power contracts for March soared as much as 42%. Crude also increased, with Brent futures trading as high as $105 a barrel. Despite the Russian invasion of Ukraine, the US is unlikely to target Russian oil in the next round of sanctions for fear energy prices would continue to skyrocket.  "I expect stringent sanctions, but nothing…